CWEB vs. YINN
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily China 3x Bull Shares (YINN).
CWEB and YINN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016. YINN is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (300%). It was launched on Dec 3, 2009. Both CWEB and YINN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWEB or YINN.
Key characteristics
| CWEB | YINN | |
|---|---|---|
| YTD Return | 16.76% | 26.35% |
| 1Y Return | 7.06% | -27.59% |
| 3Y Return (Ann) | -57.83% | -57.79% |
| 5Y Return (Ann) | -33.77% | -43.65% |
| Sharpe Ratio | 0.10 | -0.34 |
| Daily Std Dev | 70.68% | 82.60% |
| Max Drawdown | -98.09% | -98.87% |
| Current Drawdown | -96.32% | -97.86% |
Correlation
The correlation between CWEB and YINN is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CWEB vs. YINN - Performance Comparison
In the year-to-date period, CWEB achieves a 16.76% return, which is significantly lower than YINN's 26.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CWEB vs. YINN - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is lower than YINN's 1.52% expense ratio.
Risk-Adjusted Performance
CWEB vs. YINN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily China 3x Bull Shares (YINN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CWEB vs. YINN - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 2.46%, less than YINN's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.46% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 2.82% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
Drawdowns
CWEB vs. YINN - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, roughly equal to the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for CWEB and YINN. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. YINN - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily China 3x Bull Shares (YINN) have volatilities of 22.31% and 23.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.